Secured Loan | Bizfi
Secured Loan

Secured Loan

A secured loan is the best way to receive the largest funding amount for your business.

Unlock equity in your property to receive a larger loan amount

No minimum credit score required!

  • Money icon Amounts range from $50,000 to $2,000,000
  • Money icon Loan terms range from 6 months to 2 years
  • Money icon Get your funds as fast as 2 weeks

SECURED LOAN

A Secured Loan is a great way to get the largest possible funding amount to help expand your business. Since collateral is required, perfect credit is not required and nearly every industry can receive a secured loan.

What is a secured loan?

A secured loan is an alternative to a traditional bank loan that is based on the value of the property being used as collateral, not just your personal or business credit history. The application and pre-approval process is simple with available terms ranging from 6 to 24 months.  Repayment is made through automatic deductions from your business bank account.

How can I get a secured loan?

Most industries can qualify for a secured loan even if your business has been open for only six months. You can request from $50,000 to $2,000,000; the loan will be based on the value of the property being used as collateral. Expect to be asked for bank statements and information regarding your property.

How can I use a secured loan?

A secured loan can be used for any business purpose.

Advantages


  • Larger Loan Amounts
  • Perfect Credit not Required
  • Nearly every industry accepted
  • Flexible use of processed
  • Great way to consolidate outstanding debt

Disadvantages


  • Collateral will be required
  • More documentation than an unsecured loan